Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

Forex index trading

Spread bet or trade CFDs on baskets of FX pairs with our range of 12 forex indices, including USD, GBP and EUR indices. They offer you a unique way to trade on a group of FX pairs which share the same base currency, giving you exposure to multiple currencies in just one trade. The indices can also provide a benchmark overview for the international value of a currency.

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More than a forex trading platform

We've got your pair

More forex pairs than any other broker**. If you want it, we've probably got it.

Precision pricing

We combine 8 feeds from tier-one banks, to get you our most accurate price.

Minimal slippage

With fully automated, lightning-fast execution in 0.0030 seconds^.

No partial fills

Get the trade you want - we don't reject  or partially fill trades based on size.

UK-based client service

Experienced customer service, whenever you're trading.

No partial fills

Get the trade you want – we don’t reject or partially fill trades based on size.

Major forex indices to trade

EXCLUSIVE TO CMC

We offer 12 different forex indices. Each is made up of a range of currency pairs with the same base currency. So the CMC USD Index, for example, is made up of a collection of US dollar pairs. Our full range of forex indices is listed below.

CMC USD Index

A collection of currency pairs that share the same base currency, the US dollar.

CMC GBP Index

A collection of currency pairs that share the same base currency, the British pound sterling.

CMC EUR Index

A collection of currency pairs that share the same base currency, the euro.

CMC AUD Index

A collection of currency pairs that share the same base currency, the Australian dollar.

CMC CAD Index

A collection of currency pairs that share the same base currency, the Canadian dollar.

CMC CHF Index

A collection of currency pairs that share the same base currency, the Swiss franc.

CMC CNH Index

A collection of currency pairs that share the same base currency, the Chinese yuan.

CMC JPY Index

A collection of currency pairs that share the same base currency, the Japanese yen.

CMC NOK Index

A collection of currency pairs that share the same base currency, the Norwegian krone.

CMC NZD Index

A collection of currency pairs that share the same base currency, the New Zealand dollar.

CMC SEK Index

A collection of currency pairs that share the same base currency, the Swedish krona.

CMC SGD Index

A collection of currency pairs that share the same base currency, the Singapore dollar.

Forex index details

View the spreads, margin rates and trading hours for our 12 major forex indices in the table below.

InstrumentSpreadMargin rateTrading hours
CMC USD Index from 0.25pts5%00:00-22:00, Monday to Friday
CMC GBP Indexfrom 0.3pts5%00:00-22:00, Monday to Friday
CMC EUR Indexfrom 0.25pts5%00:00-22:00, Monday to Friday
CMC AUD Indexfrom 0.3pts5%00:00-22:00, Monday to Friday
CMC CAD Indexfrom 0.3pts5%00:00-22:00, Monday to Friday
CMC CHF Indexfrom 0.3pts5%00:00-22:00, Monday to Friday
CMC CNH Indexfrom 0.3pts5%00:00-22:00, Monday to Friday
CMC JPY Indexfrom 5pts5%00:00-22:00, Monday to Friday
CMC NOK Indexfrom 0.6pts5%00:00-22:00, Monday to Friday
CMC NZD Indexfrom 0.5pts5%00:00-22:00, Monday to Friday
CMC SEK Indexfrom 0.6pts5%00:00-22:00, Monday to Friday
CMC SGD  Indexfrom 0.3pts5%00:00-22:00, Monday to Friday

How do forex indices work?

Our forex indices group together individual FX pairs with the same base currency to make a forex ‘basket’. The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.

There are several benefits to forex indices trading as opposed to trading individual currencies. Firstly, it can be a more cost-effective and efficient way of trading the market, as it allows you to take a view on one area of the forex market, without having to open a position on each individual FX pair. Likewise, this can be a good way to diversify your portfolio, as for example, while geopolitical issues could particularly affect one currency pair in the index, the others may remain unaffected. Forex indices trading can also be used as a way to hedge any unfavourable moves in a particular currency, and are a good way to spread your risk, as you are exposed to a wider range of instruments rather than just one currency pair.

However, it's important to be aware that spread bets​ and CFDs are high-risk, speculative products. High volatility combined with leverage could lead to significant losses. As with any leveraged product, both profits and losses are magnified as they are based on the full value of your position, not just your initial deposit on a particular trade. While you could make a profit if the market moves in your favour, you could also make a loss if the trade moves against you, particularly if you don’t have adequate risk-management cover in place.

Forex trading explained​ >

How our forex indices are weighted

Our forex indices were created with a base level price of 1,000 for the USD, GBP, EUR, AUD, NZD, CAD, CNH, CHF, SEK, NOK and SGD indices, and a base level price of 20,000 for the JPY index, as of 31 December 2018. The weighting of each index component is capped at 40% of the total trade volume.

USDGBPEURAUDCADCHFCNHJPYNOKNZDPLNSEKSGD
CMC USD Index5.5628.601.6325.183.3524.598.21----2.86
CMC GBP Index21.9140.00-3.263.9117.902.737.94--2.35-
CMC EUR Index22.7013.131.512.348.1023.033.905.55-12.235.941.58
CMC AUD Index11.201.9412.51-1.3940.0024.91-2.66--5.40
CMC CAD Index40.005.0717.901.002.6626.086.420.87----
CMC CHF Index23.847.0540.001.443.0917.413.33----3.86
CMC CNH Index28.375.2431.188.834.912.8214.81----3.84
CMC JPY Index24.942.1014.5511.023.181.4238.97----3.82
CMC NOK Index5.7225.3440.00-1.780.629.011.41--16.12-
CMC NZD Index14.113.0612.6315.451.92-39.218.77---4.83
CMC SEK Index13.159.2940.001.31-1.5312.402.3919.93---
CMC SGD Index25.373.2018.056.961.014.8029.4811.13----

Trade on forex indices

EXCLUSIVE TO CMC

Expecting big news from the White House? Our forex indices are a collection of related, strategically-selected pairs, grouped into a single basket. Trade on our 12 baskets of FX pairs, including the CMC USD Index.

Forex indices

The platform built for forex index trading

Fast execution, precise charting and accurate insights could prove to be vital to your success as a forex index trader. Our award-winning trading platform** was built with the committed forex trader in mind.

Pattern recognition scanner

We automatically scan over 120 of our most popular instruments every 15 minutes for emerging and completed chart patterns, such as wedges, channels and head & shoulders formations.

Advanced order execution

We offer a range of advanced order types, including trailing and guaranteed stop losses, partial closure, market orders and boundary orders on every trade, so you have the flexibility to trade your way.

Award-winning app**

Industry-leading charting

WINNER2023

No.1 Web-Based Platform

ForexBrokers.com Awards

WINNER2022

Best Mobile Trading Platform

ADVFN International Financial Awards

WINNER2022

Best CFD Provider

Online Money Awards

FAQS

Is there an index for forex?

There isn’t a specific forex index on the market. Instead, CMC Markets has created bespoke baskets of currency pairs where you can speculate on their price movements using spread bets and CFDs. This includes major forex indices such as our USD Index and GBP Index.

How are forex indices weighted?

Our forex indices have a base level price of 1,000 (or 20,000 for the JPY Index), and the weighting of each component within an index is capped at 40% of the total trade volume.

Are there forex indices using emerging currencies?

We have one forex basket that’s focused on emerging currencies, our CNH Index, as well as minor currencies including the NOK, SEK, and SGD.